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2017-52 Ordinance Providing Issuance of General Obligation Refunding Bonds for the Sale of the Bonds to Raymond James & Associates
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2017-52 Ordinance Providing Issuance of General Obligation Refunding Bonds for the Sale of the Bonds to Raymond James & Associates
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Last modified
3/7/2018 10:59:52 AM
Creation date
10/19/2017 9:54:42 AM
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Resolution/Ordinance
Res Ord Num
2017-52
Res Ord Title
Ordinance Providing for the Issuance of Not to Exceed $6,800,000 of General Obligation Refunding Bonds of the City, for the Levy of Taxes to Pay the Bonds and for the Sale of the Bonds to Raymond James & Associates, Inc.
Department
Finance
Approved Date
10/16/2017
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Item Coversheet Page 2 of 2 <br /> Bond closing costs will be financed within the structure of the financing arrangement resulting in zero or minimal"out-of-pocket' <br /> expenses effecting current fiscal year expenditures <br /> POTENTIAL OBJECTIONS: There are no know objections to this ordinance request. <br /> INPUT FROM OTHER SOURCES: <br /> The financing action contemplated has been recommended to the City by Speer Financial,Inc.,and Raymond James&Associates. <br /> STAFF REFERENCE: Tim Gleason,City Manager Gregg D.Zientara,City Treasurer&Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> No budgetary implication in the current fiscal year budget. <br /> Council approval action is critical to enabling the refunding to occur within the timeframes projected. <br /> ATTACHMENTS: <br /> Description Type <br /> Bond ordinance <br /> https://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=1300 10/16/2017 <br />
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